Tiger Airways Holdings Limited has said that it has recorded an operating profit of $12.7 million during the fourth quarter of the financial year.

Air New Zealand has urged Commerce Commission to end the Cargo Cartel Case. The airline has repeated that the company has not breached New Zealand competition law.

Air New Zealand General Counsel John Blair has expressed that Air New Zealand would request Commerce Commission to drop the charges after the retraction of key evidence.

Delays are expected after the Boeing 787 has been grounded. After repeated news of the battery failures, this lightweight, carbon-composite aircraft was grounded.

After the dreamliner was grounded, Paine Field, the airport next to Boeing's Everett, has witnessed a huge amount of crowd.

In order to get data on the flawed batteries of the Boeing Co, the US agencies have grounded its 787 Dreamliner. After a number of instances of faulty batteries, 50 Dreamliners in service were grounded worldwide on January 16.

The U. S. Federal Aviation Administration has said that the strict rules would be followed to observe the batteries in flight.

A recent report has talked about what possibly could have troubled Dreamliners recently. However, it has been confirmed by Japan's transport ministry that there is nothing wrong with the 787's battery as suspected.

In a statement made by Boeing Co, on Wednesday, the firm asserted that it will be revising and reforming its policies and plans related to its different sectors, including the defense, space and security business. Moreover, the company is looking forward to cut 30% of administration jobs from 2010 levels